Arista Networks, Inc., an industry leader in software-driven cloud networking solutions for large data center and computing environments, today announced financial results for its second quarter ended June 30, 2015.
Second Quarter Financial Highlights a revenue of $195.6 million, an increase of 41.8% compared to the second quarter of 2014, and an increase of 9.2% from the first quarter of 2015. Non-GAAP gross margin of 65.8%, compared to non-GAAP gross margin of 67.9% in the second quarter of 2014 and 66.1% in the first quarter of 2015. GAAP gross margin of 65.4%, compared to GAAP gross margin of 67.7% in the second quarter of 2014 and 65.8% in the first quarter of 2015. Non-GAAP net income of $38.8 million, or $0.54 per diluted share, compared to non-GAAP net income of $23.7 million, or $0.35 per diluted share, in the second quarter of 2014.GAAP net income of $24.0 million, or $0.33 per diluted share, compared to GAAP net income of $21.6 million, or $0.34 per diluted share, in the second quarter of 2014. Operating cash flow of $52.6 million, compared to $46.3 million of operating cash flow in the second quarter of 2014.
“Arista has now shipped a cumulative five million cloud networking ports worldwide,” stated Jayshree Ullal, Arista President and CEO. “I am pleased with this important milestone for the company combined with our continued Q2 2015 customer momentum and solid profitable growth.”
Commenting on the company’s financial results, Ita Brennan, Arista’s CFO, said,”We continued to execute well in Q2 2015, achieving record revenue with strong growth from our cloud and service provider customers, while increasing non-GAAP diluted earnings per share by more than 50% year-over-year.”